Due to a dispute with state-owned CAT Telecom, debt-laden True Corp – which runs mobile …
Thai state-owned operator TOT has demanded THB214.7 billion (US$7 billion) in unpaid fees from the country’s privately-owned operators in what could be the start of a lengthy legal battle. Bloomberg reports that TOT will pursue THB76.4 billion from Advanced Info Service (AIS), THB97 billion from Total Access Communication (DTAC), THB36.4 billion from True Corp. and THB700 million baht from TT&T, according to a statement by the Thai Information and Technology Ministry.
Hutchison Telecom has agreed to sell its telecoms business in Thailand to state-owned operator CAT Telecom.
CAT Telecom has rejected an offer by TOT Plc to take over the former’s 42 percent holding in Thai Mobile for 2.4 billion baht (US$70 million), and instead is proposing to buy TOT’s 58 percent share for 3.3 billion baht, reports The Bangkok Post.